Argentina's government will ask Congress to approve higher taxes on luxury goods before the end of the year.

By

Ken Parks

Nov. 22, 2013 11:06 a.m. ET

BUENOS AIRES--Argentina's government will ask Congress to approve higher taxes on luxury goods before the end of the year as President Cristina Kirchner tries to protect the central bank's shrinking foreign currency reserves by cutting imports.

"Today, we are sending legislation to the Lower House of Congress...that modifies sliding taxes on luxury goods, mainly high end cars, but also yachts and aircraft," Jorge...